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The differences between insurance specialists and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance specialist has an average salary of $34,281, which is higher than the $33,043 average annual salary of an insurance verification specialist.
The top three skills for an insurance specialist include patients, customer service and insurance coverage. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.
| Insurance Specialist | Insurance Verification Specialist | |
| Yearly salary | $34,281 | $33,043 |
| Hourly rate | $16.48 | $15.89 |
| Growth rate | -3% | 6% |
| Number of jobs | 98,595 | 71,688 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 42% | Associate Degree, 27% |
| Average age | 44 | 46 |
| Years of experience | 4 | - |
An insurance specialist is an individual responsible for interpreting insurance plans and providing risk management advice to clients and wealth managers. Insurance specialists must have a full understanding of risk management to craft a comprehensive solution that integrates well with the client's portfolio. They need to manage their clients' accounts and should maintain contact with clients after the application process. Insurance specialists must ensure that government insurance programs comply with federal laws, regulations, and contracts within the healthcare industry.
An insurance verification specialist is responsible for confirming a patient's insurance details and eligibility to receive medical care services. Insurance verification specialists review the insurance documents of the patients, including its coverage and limitations, and escalate concerns to the supervisor for immediate resolution. They process paperwork accordingly upon coordinating with the patients and attending health professionals. An insurance verification specialist must have excellent communication and organizational skills, finishing administrative tasks efficiently under minimal supervision.
Insurance specialists and insurance verification specialists have different pay scales, as shown below.
| Insurance Specialist | Insurance Verification Specialist | |
| Average salary | $34,281 | $33,043 |
| Salary range | Between $27,000 And $42,000 | Between $28,000 And $37,000 |
| Highest paying City | New York, NY | Madison, WI |
| Highest paying state | New Hampshire | New Hampshire |
| Best paying company | Deloitte | St. Luke's Cataract & Laser Institute |
| Best paying industry | Government | Pharmaceutical |
There are a few differences between an insurance specialist and an insurance verification specialist in terms of educational background:
| Insurance Specialist | Insurance Verification Specialist | |
| Most common degree | Bachelor's Degree, 42% | Associate Degree, 27% |
| Most common major | Business | Health Care Administration |
| Most common college | - | University of Pennsylvania |
Here are the differences between insurance specialists' and insurance verification specialists' demographics:
| Insurance Specialist | Insurance Verification Specialist | |
| Average age | 44 | 46 |
| Gender ratio | Male, 22.1% Female, 77.9% | Male, 11.4% Female, 88.6% |
| Race ratio | Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 11% | 7% |